What does "Point Hypothesis" mean?

Definition of Point Hypothesis in the context of A/B testing (online controlled experiments).

What is a Point Hypothesis?

In hypothesis testing a point hypothesis is a hypothesis that covers only a single value from the possible parameter values. For example, if the entire parameter space covers -∞ to +∞ a point hypothesis could be zero (0). It could be any other number as well, such 1, 2 or 3,1245.

Testing a point null is not often practical in A/B testing where we are usually interested in detecting and estimating effects in only one direction: either an increase in conversion rate or average revenue per user, or a decrease in unsubscribe events would be of interest and not its opposite. In fact, running a test so long as to detect a statistically significant negative outcome can result in significant business harm.